SHREE GANESHAY NAMAAH !

October should be a good month if Infy delivers: Experts

Dhanlaxmi bank hits 52-wk low on union allegation

It was a day of consolidation as the bulls took a breather after the two-day rally. The Nifty started off strong, but soon slipped on indifferent European cues to close flat at 4,974, while the Sensex closed at 16536 down 20 points.

Shares of Dhanlaxmi Bank hit a 52-week low at Rs 54.30 on Tuesday after the All India Banks’ Officers Confederation or AIBOC, a Kerala based state union, raised questions about the lender’s financial strength. However, shares recouped their early losses to end the day at Rs 64.60, down nearly 10%, after the bank’s management had outright rejected all such allegations

Key benchmark indices edged lower amid intraday volatility as European stocks declined and US index futures edged lower ahead of a parliamentary vote in Slovakia on changes to the euro zone's rescue fund and ahead of the release of minutes from the Federal Reserve's latest meeting. The market snapped two-day winning streak. The 50-unit S&P CNX Nifty settled below the psychological 5,000 mark, having alternately swungabove and below that level in intraday trade. The barometer index BSE Sensex lost 20.76 points or 0.13%, off close to 235 points from the day's high and up about 25 points from the day's low. The market breadth was positive. Small-cap and mid-cap indices rose on BSE rose.

Calls For Short Term :

Dhanlaxmi Bank
Dhanlaxmi Bank tumbles on high volumes on reports that the All-India Bank Officers Confederation has alerted the Reserve Bank of India that the bank has manipulated accounts and provisioning. However, the bank's management in a television interview little while ago denied the allegations and termed them baseless. Can sell with sl of Rs. 73 for tgt of Rs. 58 To Rs. 52, currently it close @ Rs. 64.60. !

Cairn India
Cairn India gains along with crude oil prices, Higher crude oil prices will result in higher realizations from crude sales for oil exploration firms such as Cairn India. Crude oil futures for November delivery rose 2.9% or $2.43 a barrel to settle at $85.41 a barrel on the New York Mercantile Exchange. Buy with sl of Rs. 270, for tgt of Rs. 286 to Rs. 300, Currently it closed @ Rs. 277.40. !

Irb Infra
Block deals In IRB Infrastructure, There has been a block deal of 1.65 crore shares at Rs 164.75 in IRB Infra, equivalent to 4.7 percent of the company’s equity. Can sell Irb Infra with sl of Rs. 172, for Tgt of Rs. 158 to Rs. 145, currently it close @ Rs. 165.15. !

Past Performance !

TISCO
It can go up to Rs. 445. with sl of Rs. 410, currently it close @ Rs. 419.70 ! It Made High Of Rs. 436.40, N Close @ Rs. 433.25, Revised SL To Entry Price ! Book Full Profit @ 440 !

INFOSYS LTD
Before Result it may touch to Rs. 2650, with sl of Rs. 2448, Currently it close @ Rs. 2508.70 ! Made High OF Rs. 2600, Close @ Rs. 2589.95, Revised SL To Entry Price ! Revised SL Triggered Close Call !

Reliance Ind
SELL RELIANCE FNO BELOW 836, SL LATER ON TGT 830---822--814--803 ! Made Low OF 826, Close @ 830.55 !

October Month (2011) : 
Open : 4874.40
High : 5045.10
Low : 4728.30
Close: 4974.35
Avg. : 4905.54

Future Expiry Month (2011) : 
Open : 4999.80
High : 5055.00
Low : 4725.55
Close: 4982.45
Avg. : 4940.70

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 4982.45
Avg. : 5515.24

NIFTY FUTURE 

R5 : 5128
R4 : 5095
R3 : 5065
R2 : 5028
R1 : 4995

CMP: 4982.45

S1 : 4963
S2 : 4942
S3 : 4900
S4 : 4878
S5 : 4856

Market Updates : 

Wockhardt leads gainers in 'A' group

Jubilant FoodWorks, Chambal Fertilisers & Chemicals, Container Corporation of India and Rashtriya Chemicals & Fertilizers are among the other gainers.

Wockhardt spurted 11.59 % to Rs 448.10 and topped the gainers in the BSE's 'A' group, on reports a Bombay high court ruling has cleared the way for Wockhardt to proceed with the sale of its nutrition unit to France's Danone for 250 million euros ($340 million). The court had earlier blocked the sale pending resolution of a case filed by creditors afterdefault. Wockhard and Danone had announced the deal in August this year.

Jubilant FoodWorks galloped 9.02% to Rs 822.30, extending two-day 14.55% surge. The stock was second biggest gainer in 'A' group.

Chambal Fertilisers & Chemicals gained 8% to Rs 95.90 and was the third biggest gainer in 'A' group. The stock rose on higher volume of 13.98 lakh shares compared to an average daily traded volume of 4 lakh shares in the past two weeks.

Container Corporation of India advanced 7.14% to Rs 1000. The stock was fourth biggestgainer in 'A' group. The company declares its Q2 September 2011 results on 24 October 2011.

Rashtriya Chemicals & Fertilizers rose 6.47% to Rs 74.90 and was fifth biggest gainer in 'A' group. The company unveils its Q2 September 2011 results on 21 October 2011. The stock rose on higher volume of 6.91 lakh shares compared to an average daily traded volume of 1.22 lakh shares in the past two weeks.

Market snaps two-day winning streak

Market ends choppy trading session lower ahead of Slovakia vote

BSE clocked turnover of Rs 2701 crore, higher than Rs 2214.13 crore on Monday, 10 October 2011.

The market breadth, indicating the overall health of the market, was positive. On BSE, 1,539 shares rose and 1,233 fell. A total of 108 shares were unchanged. The breadth was much stronger earlier in the day.

From the 30-share Sensex pack, 17 rose and the rest fell. Bhel, ONGC, Sterlite Industries and Tata Power Company fell by between 0.77% to 1.87%. Sun Pharmaceutical Industries, Jindal Steel & Power and Hindalco Industries rose by between 2.04% to 4.47%.

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !